The global bio-based cutlery market is poised for remarkable growth, with an anticipated size of US$35.7 billion in 2022, projected to reach US$39.3 billion by 2032, driven by a substantial CAGR of 12.9% from 2022 to 2032. Escalating awareness surrounding environmental pollution due to escalating plastic waste is expected to propel the demand for bio-based cutlery. The surge in plastic use has contributed to heightened pollution, prompting various governments to enforce stringent regulations against plastic consumption. Consequently, consumers are increasingly gravitating towards wood and bio-plastic-based cutlery.
The proliferation of quick-service restaurants like KFC and McDonald’s worldwide is poised to expedite market growth. These cutleries’ convenience and cost-effectiveness contribute to their appeal. Additionally, the rising popularity of eco-friendly cutlery in gatherings and outdoor events is a pivotal driver. The ease of access to fully degradable paper cups and plates further bolsters the market.
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However, the bio-based cutlery industry faces challenges. The reliance on crops like corn and soybeans for production exposes the products to pesticide contamination risks. Technologically advanced composters and processors required for biodegradable plastics contribute to higher production costs. Additionally, certain biodegradable plastics can release methane during decomposition in landfills, potentially hindering the market’s growth trajectory. Balancing eco-friendliness with production challenges remains a critical task for the industry in the forecast period.
Market Dynamics
The bio-based cutlery market is expected to witness significant growth on the backdrop of consumer convenience and growing demand for environment-friendly packaging solutions. In addition, persistent efforts are being made to eliminate/reduce the use of single-use plastic products, which has gradually created growth opportunities for bio-based cutlery in recent years.
In 2018, McDonald’s, KFC, and a few other quick service restaurants stopped the usage of plastic cutlery in several countries such as Singapore, India and France, which is further driving the growth of the bio-based cutlery market. Moreover, the growth of the bio-based cutlery market is hampered by the high cost of raw materials used in the manufacturing of bio-based cutlery.
Regional Overview
In North America, the U.S. is anticipated to lead the bio-based cutlery market during the forecast period. India and China are anticipated to drive significant growth in the Asia Pacific bio-based cutlery market during the assessment period. Furthermore, India and China bio-based cutlery markets are expected to witness significant growth, owing to the growing demand for bio-degradable packaging solutions in such emerging economies. On the other hand, the Europe bio-based cutlery market is expected to witness sluggish growth during the forecast period.
Market Participants
A few of the key players in the bio-based cutlery market are Huhtamäki Oyj, Pactiv LLC, Biodegradable Food Service, LLC, Leafware LLC, Biotrem, Anchor Packaging Inc., Georgia-Pacific LLC, Biopac UK Ltd, Natur-Tec, Northern Technologies International Corporation (NTIC), Vegware Ltd, Fast Plast A/S, Bakeys Foods Private Limited, and Bio Futura.
The report on bio-based cutlery market is a compilation of first-hand information, and qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain. The report bio-based cutlery market provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. Bio-based cutlery market also maps the qualitative impact of various market factors on market segments and geographies.
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Market Segmentation:
On the basis of product type:
- Spoon
- Fork
- Spork
- Knife
On the basis of material type:
- Wood
- Poly Lactic Acid (PLA)
- Polycaprolactone (PCL) cutlery
- Polybutylene Succinate (PBS)
- Plastarch Material (PSM)
- Starch Based
- Wheat Bran
- Corn
- Rice
- Others (Sorghum, Potato Starch, etc.)
On the basis of sales channel:
- Direct Sales
- Distributors
- E-commerce
- Retailers
On the basis of end-use:
- Food Service
- Restaurants
- Hotels
- Quick Service Restaurants (QSR)
- Institutional
- Airlines & Railway Catering
- Movie Theatres
- School & Offices
- Others (Hospitals, etc.)
- Household
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
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